Indian tech firm Cyient rises to record high

Cyient

22/12/2023 09:21

** Shares of technology services provider Cyient  CYIE.NS 
rise as much as 5.8% to record high of 2,458.95 rupees
    ** Stock sees biggest monthly pct gain since Nov 2020
    ** The reason for Friday's move could not be immediately
identified
    ** More than 12.7 mln shares traded so far in Dec, busiest
trading month since June
    ** 11 of 15 brokerages rate the stock "buy" or higher and 4
"hold"; their median PT is 1,920 rupees, 28.07% less than
current record high - LSEG data
    ** CYIE last up 1.8%, adding to YTD gains of ~192%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))